Bitcoin closes June down 40% and below $ 20k as markets see recession fears, contagion risks

(Kitco News) The world’s largest cryptocurrency is down 40% in June, ending the month below its key level of $ 20,000. The markets are downbeat as the focus shifts to rising recession fears and more contagion risks in the crypto space. Bitcoin touched a low of $ 18,917 on Thursday, with … Read more

Bored Ape Yacht Club’s Yuga Labs Sues Ryder Ripps

The Bored Ape Yacht Club is one of the most noteworthy NFT collections on the Internet.Image: Mario Tama (Getty Images) You know the Bored Ape Yacht Club, the popular NFT collection that has enticed the likes of Justin Bieber, Paris Hilton, Jimmy Fallon? Well, the company behind the collection, Yuga Labs, is suing an artist … Read more

Survivors of 2022 crypto crash could be the new Amazons and eBays – BOE

(Kitco News) The companies that survive the 2022 crypto crash could become the new Amazons and eBays of the world, said Bank of England Deputy Governor Jon Cunliffe. There are similarities between the dotcom collapse of 2000 and this year’s crypto price meltdown, Cunliffe said at the Point Zero Forum in … Read more

A DeFi blue chip is jumping ship from Ethereum for its next version

dydx, a major player in the Ethereum ecosystem, is jumping ship to build its fourth version in another blockchain ecosystem linked to Cosmos. Why it matters: Ethereum is the world’s second biggest blockchain and is home to all the blue chip decentralized finance (DeFi) protocols. The fact that dydx, one of DeFi’s blue chip applications, … Read more

Crypto weekend meltdown: Bitcoin price touches $ 17k, Ethereum below $ 900 as renewed selloff sends prices spiraling

(Kitco News) The crypto space faced another sharp selloff over the weekend as Bitcoin plunged below $ 18,000 and Ethereum dropped below $ 900. The overall crypto market cap plummeted to $ 847 billion, down nearly 10% on the day. Bitcoin touched $ 17,677, the lowest level since November 2020, and … Read more

Babel Finance suspends withdrawals as crypto markets slump

A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, ​​Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the digital currency … Read more

Markets in chaos: Gold price down $ 50, Bitcoin price hits lowest level since December 2020, stocks plunge

(Kitco News) Markets across the board are reeling as wild price swings dominate stocks, crypto, and gold. Analysts warn of panic selling as markets re-price expectations for a more aggressive Federal Reserve. Investors are pre-reacting to the Federal Reserve’s interest rate decision scheduled for Wednesday following a surprisingly hot inflation data … Read more

Seth Green reclaims his Bored Ape NFT

Seth GreenPhoto: Jean Baptiste Lacroix (Getty Images) America may breathe a weary sigh of relief at last tonight, the weight of the world finally lifting from its broken and sorrowful shoulders: Seth Green has apparently been reunited with his very expensive picture of a monkey. This is per Buzzfeed News, which reports that Green has … Read more

Crypto firms say thousands of digital currencies will collapse

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Several cryptocurrency industry players have told CNBC that thousands of digital tokens are likely … Read more